U.K research firm Omdia has published a report of the large LCD panel market for 2020. The report covers LCD panels used for smart TV and shows that China’s BOE Technology Group overtook LG Display to emerge as the number one manufacturer in this segment for the first time.

The data shows that BOE’s share in 2020 reached 22.9%, an increase of 2.2% from 2019. The LCD market used to be LG Display’s stronghold but BOE supposed the Korean company surpassing LG Display, which was previously ranked first.

LG Display’s share fell to 17.2% which is a 6.7% reduction from the 23.9% market share recorded in 2019. The third spot is occupied by Taiwanese display maker AU Optronics with 11.9%. Cumulatively, the top 3 large LCD makers control 52% of the market in the period under review.

Apart form BOE technology, another Chinese company in the top 5 ranking is TCL’s China Star Optoelectronics which saw a 2.5% increase in its shipment to emerged as the fifth largest large LCD manufacturer with an 8.8 % share of the market. The Chinese company edged out Samsung from the 5th spot which it occupied in 2019. What Samsung loses in the LCD market, it will surely gain in OLED panel shipments as it is ranked as the leading manufacturer of OLED panels.

It is worth mentioning that, according to data from the research firm CINNO Research, in the first half of 2021, global LCD TV panel shipments reached 130 million units, an increase of 2.5% year-on-year. That means the LCD market will once again see a record shipment this year and Chinese manufacturers will likely take the larger share of the market.

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(via)

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